The meme stock rally may have fizzled out, but GameStop has once again captured the attention of short sellers. As of mid-May, GameStop emerged as a favorite among short sellers, with short interest surging by 6% to more than 68 million shares, representing over 25% of its float. This resurgence came on the heels of
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American Airlines recently announced a significant reduction in its sales forecast, leading to concerns about the company’s financial health. The airline also made the decision to part ways with its chief commercial officer, Vasu Raja, who is set to depart from his position next month. This series of events has raised red flags among investors
Boston Beer (SAM) has been experiencing a bearish downtrend since missing earnings estimates back in February 2024. The stock recently hit a fresh 52-week low, signaling further potential downside. In order to capitalize on this breakdown, it is essential to analyze key technical indicators that confirm the bearish bias. To confirm the bearish momentum in
The global currency markets have been relatively stable recently, with most European and Asian currencies showing little movement. The dollar, on the other hand, has remained steady in thin trade as investors eagerly anticipate key inflation data to be released later in the week. Market holidays in the U.S. and the U.K. have also contributed
Investors are facing a challenging market environment marked by concerns over inflation and Federal Reserve rate cuts. However, despite the near-term uncertainties, long-term investors can take advantage of expert stock research to make informed investment decisions that can enhance their portfolio returns. One such stock that has garnered favor among the Street’s top analysts is
Andrew Howard, CBO at Jan3 company, recently criticized Ethereum founder Vitalik Buterin for selling almost $100 million worth of ETH on the market six years ago when the price reached an all-time high. Howard pointed out that Buterin’s actions of selling 70,000 ETH back in 2018 were detrimental to ETH holders, comparing him to Satoshi
The U.S. Department of Justice, along with 30 states, has filed a lawsuit against Live Nation, the parent company of Ticketmaster, for alleged antitrust violations. The lawsuit alleges that Live Nation maintains a monopoly in the ticketing industry, which is said to harm fans, artists, smaller promoters, and venue operators. Attorney General Merrick Garland stated
In the current market landscape where the S & P 500 and the Nasdaq Composite are thriving, small-cap stocks have been overlooked. However, investors seeking income opportunities may find hidden gems within the Russell 2000 index. According to Jill Carey Hall, an equity strategist at Bank of America, a significant number of small-cap stocks now
The recent announcement by Comptroller Brad Lander regarding the NYC Employees’ Retirement System investing up to $60 million in affordable housing units has stirred up mixed emotions. While Lander emphasized the positive impact this investment would have on preserving over 35,000 units, there is still lingering skepticism due to the circumstances surrounding Signature Bank’s collapse.
Nvidia, the $2.3 trillion chipmaker, has been a key player in driving the performance of U.S. equities, particularly in the semiconductor sector. With a significant weighting in the popular VanEck Semiconductor ETF (SMH), Nvidia’s performance has a direct impact on the overall market trends. The company’s focus on artificial intelligence has propelled its stock by